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use the balance sheet and income statement below to prepare a statement of cash flows for Valium's Medical Supply Corporation.

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Problem 2-30 Statement of Cash Flows (LG2-5) Use the balance sheet and income statement below: 2021 2020 $ $ Assets Current sett Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets VALIUM'S MEDICAL SUPPLY CORPORATION Balance sheet as of December 31, 2021 and 2020 (in thousands of dollars) 2021 2020 Liabilities and Equity Current liabilities $ 83 $ 82 Accrued vages and taxes 202 192 Accounts payable 326 302 Notes payable 611 $ 576 Total Long-tern debt $1,106 $ 904 Stockholders' equity 168 124 Preferred stock (6 thousand shares) $ 930 $ 780 Common stock and paid-in surplus (100 thousand shares) 156 156 Retained earning $1,094 Total $1,705 $1,512 Total liabilities and equity 68 167 142 377 619 52 152 142 346 578 $ $ $ $ $ 6 120 $ 6 120 583 $ 700 $1,705 5 $1,512 VALIUM'S MEDICAL SUPPLY CORPORATION Income statement for Years Ending December 31, 2021 and 2020 (in thousands of dollars) 2021 2020 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in thousands of dollars) 2021 2020 Net sales $ 914 $ 824 Less: Cost of goods sold 400 363 Gross profits $ 514 $ 461 Less: Other operating expenses 58 52 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Accumulated depreciation 44 42 Earnings before interest and taxes (EBIT) $ 412 $367 Less: Interest 59 53 Earnings before taxes (EBT) $ 353 $ 314 Less: Taxes 74 66 Net income $ 279 $ 248 Less: Preferred stock dividends $ 6 $ 6 Net income available to common stockholders $ 273 $ 242 Less: Common stock dividends 152 Addition to retained earnings $ 121 $ 90 Per (common) share data: Earnings per share (EPS) $2.73 $2.42 Dividends per share (DPS) $1.52 $1.52 Book value per share (BVPS) $7.03 $5.82 Market value (price) per share (MVPS) $8.06 $6.30 152 Prepare a statement of cash flows for Valium's Medical Supply Corporation. (Enter your answers in deducted should be indicated with a minus sign.) Answer is not complete. Statement of Cash Flows for Year Ending December 31, 2021 (in thousands of dollars) 280 44 16 15 4 X (21) Net income Additions (sources of cash): Depreciation Increase in accrued wages and taxes Increase in accounts payable Subtractions (uses of cash): Increase in accounts receivable Increase in inventory Net cash flow from operating activities Cash flows from investing activities Subtractions: Increase in fixed assets Increase in other long-term assets Net cash flow from investing activities Cash flows from financing activities Additions: Increase in notes payable Increase in long-term debt Increase in common and preferred stock Subtractions: Preferred stock dividends Common stock dividends Net cash flow from financing activities Net change in cash and marketable securities $ (202) $ (202) $ 0 >>> 0 6% 75 X $ (49) $

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